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Nick Timiraos: Powell Still Sees Room for the Fed to Cut Rates This Year
Slowdown in wage growth eases worries that economy is too hot. Stronger-than-anticipated economic activity this year hasn’t changed the Federal Reserve’s broad expectation that declining inflation will allow for interest-rate cuts this year, Chair Jerome Powell said Wednesday. Powell pointed to signs that labor-market conditions are less
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Posted: April 3, 2024 Wednesday 01:46 PM